FIDESCA
ActiveSummary
FIDESCA has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235,294 and a net result of €20,419. Equity is growing by about 7% per year across the filed financial years. Its solvency ranks better than 95% of 5,676 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €235,294
- Profit
- €20,419
Why 96lowers riskFounded in 1989Liquidity: current ratio 21.52, cash €78,235, halvedEquity €235,294 (95.5% of total assets)Figures for financial year 2025 (filed 29-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro): better than 93% on solvency, 90% on liquidity, 40% on profitability and 57% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2018 to 2025net €29,150 ▲61.9%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 25% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,337 | €5,812 | €4,140 | €2,043 | €1,699 | €2,270 | €1,372 | €1,540 | ▲ 12.2% |
| Other operating charges640/8 | - | - | - | €1,326 | €1,101 | €1,849 | €2,470 | €2,358 | ▼ 4.5% |
| Gross operating margin9900 | €9,772 | €10,245 | €15,339 | €16,550 | €12,035 | €31,630 | €45,129 | €35,040 | ▼ 22.4% |
| Operating profit (loss)9901 | €4,147 | €3,068 | €9,884 | €13,180 | €9,235 | €27,510 | €41,287 | €31,142 | ▼ 24.6% |
| Financial income75/76B | - | - | - | - | €605 | - | €3,211 | - | - |
| Recurring financial income75 | - | €0 | - | - | €605 | - | €3,211 | - | - |
| Financial charges65/66B | - | - | - | - | - | €0 | - | - | - |
| Recurring financial charges65 | - | - | - | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €4,147 | €3,068 | €9,884 | €13,180 | €9,840 | €27,510 | €44,498 | €31,142 | ▼ 30.0% |
| Income taxes67/77 | €2,067 | €1,556 | €3,446 | €4,445 | €3,408 | €9,502 | €15,348 | €10,722 | ▼ 30.1% |
| Profit (loss) for the period9904 | €2,080 | €1,512 | €6,438 | €8,735 | €6,432 | €18,008 | €29,150 | €20,419 | ▼ 30.0% |
| Profit (loss) for the period to be appropriated9905 | €2,080 | €1,512 | €6,438 | €8,735 | €6,432 | €18,008 | €29,150 | €20,419 | ▼ 30.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €147,622 | €148,268 | €156,213 | €167,345 | €173,980 | €198,440 | €226,672 | €246,443 | ▲ 8.7% |
| Fixed assets21/28 | €7,363 | €7,946 | €3,806 | €3,077 | €2,992 | €7,829 | €6,926 | €6,501 | ▼ 6.1% |
| Tangible fixed assets22/27 | €7,363 | €7,946 | €3,806 | €3,077 | €2,992 | €7,829 | €6,926 | €6,501 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | - | - | €1,109 | €671 | €233 | €444 | €1,132 | ▲ 155% |
| Furniture and vehicles24 | - | - | - | - | €1,337 | €1,693 | €1,209 | €725 | ▼ 40.0% |
| Other tangible fixed assets26 | - | - | - | €1,968 | €984 | €5,904 | €5,273 | €4,643 | ▼ 12.0% |
| Current assets29/58 | €140,260 | €140,322 | €152,407 | €164,268 | €170,989 | €190,611 | €219,746 | €239,942 | ▲ 9.2% |
| Amounts receivable within one year40/41 | €2,887 | €4,632 | €2,284 | €697 | €500 | €6,879 | €9,294 | €1,278 | ▼ 86.3% |
| Trade receivables40 | - | - | - | - | €500 | - | €9,075 | - | - |
| Other amounts receivable41 | - | - | - | €697 | - | €6,879 | €219 | €1,278 | ▲ 482% |
| Current investments50/53 | - | - | - | - | - | €125,000 | - | €160,000 | - |
| Cash at bank and in hand54/58 | €137,095 | €135,351 | €149,874 | €163,231 | €169,772 | €58,037 | €210,039 | €78,235 | ▼ 62.8% |
| Deferred charges and accrued income490/1 | - | - | - | €341 | €716 | €696 | €412 | €430 | ▲ 4.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €147,622 | €148,268 | €156,213 | €167,345 | €173,980 | €198,440 | €226,672 | €246,443 | ▲ 8.7% |
| Equity10/15 | €144,598 | €146,110 | €152,549 | €161,284 | €167,716 | €185,725 | €214,875 | €235,294 | ▲ 9.5% |
| Contributions10/11 | €84,870 | €84,870 | - | €84,870 | €84,870 | €84,870 | €84,870 | €84,870 | = |
| Reserves13 | €58,087 | €59,587 | €65,987 | €74,687 | €81,119 | €99,119 | €128,119 | €148,119 | ▲ 15.6% |
| Non-distributable reserves130/1 | - | - | - | €8,487 | €8,487 | €8,487 | €8,487 | €8,487 | = |
| Reserves not available under the articles1311 | - | - | - | €8,487 | €8,487 | €8,487 | €8,487 | €8,487 | = |
| Distributable reserves133 | - | - | - | €66,200 | €72,632 | €90,632 | €119,632 | €139,632 | ▲ 16.7% |
| Profit (loss) carried forward14 | €1,641 | €1,654 | €1,692 | €1,727 | €1,727 | €1,736 | €1,886 | €2,305 | ▲ 22.2% |
| Amounts payable17/49 | €3,024 | €2,157 | €3,664 | €6,061 | €6,264 | €12,716 | €11,797 | €11,149 | ▼ 5.5% |
| Amounts payable within one year42/48 | €3,024 | €2,157 | €3,664 | €6,061 | €6,264 | €12,716 | €11,797 | €11,149 | ▼ 5.5% |
| Trade debts44 | €384 | €441 | €904 | €258 | €451 | €124 | €378 | €756 | ▲ 100% |
| Suppliers440/4 | - | - | - | €258 | €451 | €124 | €378 | €756 | ▲ 100% |
| Advances received on contracts in progress46 | - | - | - | €1,210 | €605 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,593 | €4,532 | €12,592 | €10,745 | €10,057 | ▼ 6.4% |
| Taxes450/3 | - | - | - | €4,593 | €4,532 | €12,592 | €10,745 | €10,057 | ▼ 6.4% |
| Other amounts payable47/48 | - | - | - | - | €677 | - | €674 | €336 | ▼ 50.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,080 | €1,512 | €6,438 | €8,735 | €6,432 | €18,008 | €29,150 | €20,419 | ▼ 30.0% |
| + Depreciation and write-downs630 | €4,337 | €5,812 | €4,140 | €2,043 | €1,699 | €2,270 | €1,372 | €1,540 | ▲ 12.2% |
| Operating cash flow (approximation) | €6,417 | €7,324 | €10,578 | €10,778 | €8,131 | €20,279 | €30,523 | €21,959 | ▼ 28.1% |
| Investment in fixed assets (approximation) | - | -€6,395 | €0 | -€1,314 | -€1,614 | -€7,108 | -€469 | -€1,115 | ▼ 138% |
| Change in cash | - | -€1,744 | €14,523 | €13,357 | €6,542 | -€111,736 | €152,003 | -€131,804 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00211776 |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00117527 |
| 31-12-2023 | micro format | 03-06-2024 | 2024-00105138 |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00352806 |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20180808 |
| 31-12-2020 | micro format | 07-07-2021 | 2021-32200082 |
| 31-12-2019 | micro format | 06-08-2020 | 2020-39700221 |
| 31-12-2018 | micro format | 01-07-2019 | 2019-25900214 |
| 31-12-2017 | micro format | 28-06-2018 | 2018-25500372 |
| 31-12-2016 | micro format | 03-07-2017 | 2017-26300461 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 25-10-2024 Converted to unavailable equity · €93,356.65
Group and network
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
25-10
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsLegal-form conversion · Capital conversion · Reserve release9 facts ▸
- General meeting, 22-10-2024
- Legal-form conversion, “beslotenvennootschap(BV)” (deed in Dutch)
- Capital conversion, “statutaironbeschikbareeigenvermogensrekening” (deed in Dutch)
- Reserve release, “vormenenmeerderhedenvandestatenwijziging, statutaironbeschikbareeigenvermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Board composition, KNAEPEN Stefan (director)
- Registered office clause, “Kapellelaan 15,1860 Meise” (deed in Dutch)
- Power of attorney
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23050F0137/00B002 | Flanders | 607 m² | 1 · 95 m² | 10.1 m · 2 |
| 23034A0023/00E005 | Flanders | 435 m² | 1 · 249 m² | 11.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- “gelijkaardig of verwant is met het hare, of van aard is de uitoefening van haar voorwerp te bevorderen. Deze opsomming is niet limitatief en…” (deed in Dutch)
- Name clauseThe name the company operates under according to its articles.
- FIDESCA
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- One provision in the deed
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Indien er meerdere bestuurders zijn, kan het bestuursorgaan het dagelijks bestuur van de vennootschap delegeren aan een bestuurder of aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “ARTIKEL DERTIEN: BESTUUR, onbezoldigd behoudens andersluidende beslissing algemene vergadering” (deed in Dutch)“ARTIKEL VEERTIEN: VACATURE, plaats van bestuurder openvalt door overlijden,ontslag of andere reden” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 18:00